News in Systemic Risk: Wednesday, June 4, 2025 (9:45 a.m. ET) June 4, 2025 Population Aging and Financial Stability: An Empirical Analysis (Hun Jang; Bank of Korea) Stablecoin Runs and the Centralization of Arbitrage (Yiming Ma, Yao Zeng & Anthony Lee Zhang; NBER) Global Investors Have a New Reason to Pull Back From U.S. Debt (Jon Sindreu; Wall Street Journal) Could Trump’s ‘big beautiful bill’ kill the OFR and accidentally sabotage SOFR? (Robin Wigglesworth and Kate Duguid; Financial Times) Pervasive Uncertainty Calls for a Patient Policy Stance (Raphael Bostic; Federal Reserve Bank of Atlanta) Related Stories Yale Program on Financial Stability Presents Financial Crisis-Fighting Playbook Fed Official Michael Barr Provides an Inside Look at Crisis Response High School Students Visit Yale SOM for Introduction to Careers in Business and Economics
